Rulings ( 11942 results )

Filters
Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment absent agreement between assessee and AE; Accepts RPM as MAM for trading-segment

  • In Favour of Assessee
  • Citation Number : TS-389-ITAT-2021(Mum)-TP
  • Tax Payer : Bristol Myers Squibb India Private Limited
Income tax Appellate Tribunal

ITAT: Applies average of MAP-approved margins for US and UK AE-transactions to other jurisdictions

  • In Favour of Assessee
  • Citation Number : TS-388-ITAT-2021(Bang)-TP
  • Tax Payer : IQVIA RDS (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs DRP to determine MAM by addressing Assessee's objection, pass speaking-order

  • In Favour of Assessee
  • Citation Number : TS-386-ITAT-2021(Bang)-TP
  • Tax Payer : Shindengen India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Interest “payable” not covered under Art.11 of India-Cyprus DTAA; Deletes TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-384-ITAT-2021(DEL)-TP
  • Tax Payer : Mondon Investments Ltd
Income tax Appellate Tribunal

ITAT: Rules on SWD comparables; Grants working-capital adjustment on actual basis

  • In Favour of Assessee
  • Citation Number : TS-385-ITAT-2021(Bang)-TP
  • Tax Payer : EF Information Systems Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on brand development charges; Adjudicates on treatment of royalty, forex loss etc.

  • In Favour of Both, Partially
  • Citation Number : TS-387-ITAT-2021(CHNY)-TP
  • Tax Payer : Hyundai Motor India Ltd
Income tax Appellate Tribunal

ITAT: Finds 18% AE-interest justifiable, compares terms with third party loans and market conditions

  • In Favour of Assessee
  • Citation Number : TS-383-ITAT-2021(JPR)-TP
  • Tax Payer : Ksheer Sagar Developers Pvt Ltd
Income tax Appellate Tribunal

ITAT: Applies India-US MAP margins to non-US AE transactions, applies ITES ruling ratio to SWD

  • In Favour of Both, Partially
  • Citation Number : TS-377-ITAT-2021(Bang)-TP
  • Tax Payer : Dell International Services India Private Limited
Income tax Appellate Tribunal

ITAT: Adjudicates on multiple comparables for SWD and ITeS segments, applies turnover and RPT filters

  • In Favour of Both, Partially
  • Citation Number : TS-382-ITAT-2021(Bang)-TP
  • Tax Payer : Robert Bosch Engineering and Business Solutions Ltd
Income tax Appellate Tribunal

ITAT: Fixes corporate-guarantee ALP at 0.5%; Deletes TP-adjustment on share application money

  • In Favour of Assessee
  • Citation Number : TS-381-ITAT-2021(Mum)-TP
  • Tax Payer : UTV Software Communications Limited
Income tax Appellate Tribunal

ITAT: Remits ALP-determination of CCR Division Cost, accepts assessee’s plea for receipt of service

  • In Favour of Both, Partially
  • Citation Number : TS-380-ITAT-2021(PUN)-TP
  • Tax Payer : Johnson Matthey Chemicals India Private Limited
Income tax Appellate Tribunal

ITAT: Admits assessee’s additional-ground questioning validity of the TPO-order; Remits issue for fresh adjudication

  • In Favour of Both, Partially
  • Citation Number : TS-378-ITAT-2021(Bang)-TP
  • Tax Payer : CEA India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP Adjustment on SDT, absent saving clause on omission of Sec 92BA(i)

  • In Favour of Assessee
  • Citation Number : TS-379-ITAT-2021(DEL)-TP
  • Tax Payer : Yorkn Tech Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Directs inclusion of Acropetal Technologies despite high-profits and SEBI-action; Remits comparability of Onward Technologies

  • In Favour of Both, Partially
  • Citation Number : TS-375-ITAT-2021(Mum)-TP
  • Tax Payer : Petrofac Engineering Services India Pvt
Income tax Appellate Tribunal

ITAT: Deletes ALP adjustments w.r.t interest-free debt funding to overseas-SPV; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-376-ITAT-2021(Mum)-TP
  • Tax Payer : Bennett Coleman & Co Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s appeal seeking benchmarking of AE interest using CRISIL against LIBOR rates

  • In Favour of Assessee
  • Citation Number : TS-373-ITAT-2021(HYD)-TP
  • Tax Payer : Divi’s Laboratories Ltd
Income tax Appellate Tribunal

ITAT: Directs CIT(A) to pass a fresh speaking order with independent findings, sets aside cryptic order

  • In Favour of Both, Partially
  • Citation Number : TS-372-ITAT-2021(Bang)-TP
  • Tax Payer : G Corp Spaces Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Adjudicates on selection of MAM, validity of reference made to TPO u/s 92CA & more!

  • In Favour of Both, Partially
  • Citation Number : TS-374-ITAT-2021(PUN)-TP
  • Tax Payer : Sava Medica Ltd
Income tax Appellate Tribunal

ITAT: Rejects SBI term deposit rates for AE interest-receivables, deletes TP-adjustment; Rules on comparables

  • In Favour of Both, Partially
  • Citation Number : TS-371-ITAT-2021(HYD)-TP
  • Tax Payer : Ivy Comptech Private Ltd
Income tax Appellate Tribunal

ITAT: Holds corporate guarantee as an international transaction under sec 92B; Follows Redington India ruling

  • In Favour of Revenue
  • Citation Number : TS-368-ITAT-2021(HYD)-TP
  • Tax Payer : NCC Limited